Not sure you can say that, the subsidiary accounts are pooled into the Group accounts so the money owed by KFL will be in those accounts on both sides, so KFL (part of REAC) owed money to REAC, it looks like one cancels the other. I think it was put in to show that unlike the previous subsidiary liquidations this wouldn't remove debt from the balance sheet. The good news is that they have finally bitten the bullet and got rid of the old technology which wasn't working efficiently and are close to signing a new provider, my money is it will be MWH (the same as Enfield), with a Nexterra gasifier instead of the Zeropoint one which seems to have had some problems. The SP is now back up to the two year downtrend and with future news on both Enfield terms and new Newry provider due, we could start to see things change for the better.
12 Sep '14
REACT has subsequently been informed by the directors of KFL that it is the intention of this company to hold creditor meetings on 29 September 2014 to seek liquidation of the company. The directors of KFL are Gerry Madden and Brendan Halpin who are also directors of REACT. The total amount of net debt owed by KFL to creditors is £1.5 million of which £1.4 million is owed to REACT
14 Aug '14
Trying to hamper buys, Large spread, creating fake resistance on the ask. Full ask being paid, I can see this going further this afternoon.
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